With my experience in the market, I agree to what you've said. Some are good to hold forever if not, then for a long time while the majority are good just to dump and take your profit from it.
Well, as we grow on this market, we understand manage to see the differences every cycle although that's only a little and most of it are just the same. And we learn that not all of them goes back and healthy just as how they went when they're on the bull run.
A new project launches and surges and people come into it hoping that they'll make a quick buck but gets the opposing result.
In my opinion, new projects are easy and fast for profit, if the project is successful and can develop, we deserve to hold for the long term, of course not all projects can be followed, but I only target a maximum of 5 new projects every month, and every 3 months always I review whether it is still worthy of hold or immediately sell.
Yeah, most of them are quick in profits.
But if you miss that time then you'll be their dinner, if you know what I mean. You'll be one of those people that will lose because of being slow while those that have been focused are hyperactive.
If you have a strategy doing that and you're making a profit then that's good for you. I rarely see people that have that target and focusing into new projects because it's riskier and exhausting.